India Approves ₹14,500 Crore Viability Gap Funding for Energy Storage

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← All business news India Approves ₹14,500 Crore Viability Gap Funding for Energy Storage

On 4 November, the Union Cabinet approved a ₹14,500 crore viability gap funding scheme to support development of 92 GWh of grid-scale battery energy storage systems. The programme aims to strengthen power-system flexibility and support renewable-energy...

On 4 November, the Union Cabinet approved a ₹14,500 crore viability gap funding scheme to support development of 92 GWh of grid-scale battery energy storage systems. The programme aims to strengthen power-system flexibility and support renewable-energy integration. The scheme creates opportunities for developers, battery suppliers and infrastructure investors. HPC can support policy research, project evaluation, procurement planning and investment advisory.

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